Introduction
ONESOURCE Indirect Tax Determination is enterprise transaction tax management software. It is a service for business applications that need consolidated tax determination, calculation and recording. Determination optimizes performance, reliability, interoperability, manageability, and security.
Determination supports US Sales and Use tax, as well as VAT and other taxes in Europe, Canada, Latin America, and many other regions. For each transaction, Determination:
- Receives transaction information from your business systems, in batch or real-time.
- Determines which taxes apply to each transaction, the amount of tax, and to whom it is owed.
- Returns this data to the calling application.
- Stores the data in a central database using common elements and definitions. From the database, you can run standard and custom reports across the enterprise using ONESOURCE Indirect Tax Reporting, resulting in an easily maintained audit trail.
The topics in this section will help you become familiar with Determination: